Spanish Abstract: En los últimos años la discusión acerca del diseño institucional de las agencias reguladoras del sector financiero se ha ido centrando en aspectos de gobierno corporativo. Asimismo, la independencia en la conducción de la política monetaria y el hecho de que las tareas de...

The aim of this paper is to analyze the process of integration and competition in European financial markets. We explore the obstacles or barriers which hinder this process, as well as the main drivers and initiatives which have been implemented to move financial integration forward. According...

Por las características del negocio de intermediación financiera y sus implicaciones en el resto de la economía, la normativa prudencial exige niveles mínimos de capital que en inicio corresponden al respaldo o colateral frente a los riesgos a que están expuestas las entidades financieras....

Spanish Abstract: El trabajo presenta una discusión acerca de la correspondencia entre las formas organizacionales de diversas instituciones multilaterales de crédito y las características de sus funciones y objetivos. La misma se basa en la determinación de la naturaleza de la actividad...

English abstract: This paper analyses the main trends in the private sector’s issuance activity in international capital markets during 2021, a year in which, despite positive developments that resulted in volumes above pre-2020 levels, the record 2020 figures were not achieved. Thus, the...

The English version of this paper can be found at "http://ssrn.com/abstract=3247865" http://ssrn.com/abstract=3247865.Spanish Abstract: Este libro proporciona descripciones detalladas, que incluyen más de 550 fórmulas matemáticas, para más de 150 estrategias de trading para una gran cantidad...

This paper discusses that many of the exaggerated claims that globalization has been an important element in the reduction of the inflation in the recent years do not come true. The globalization has, however, the potential to contribute to the stabilization of economies and this has been...

Purchase and sale-oriented exchange rate intervention effectiveness carried on by the Central Bank of Guatemala is analyzed through an ACT-GARCH model. By using daily information for the period 1996-2008 it is found that purchase-oriented intervention tends to reduce exchange rate long run...

This paper analyzes from a long-term perspective, if the performance of the Mexican peso exchange, presents a recurring asymmetric behavior against the US dollar, and if that behavior has an influence on the potential use of financial derivatives by non-financial firms Mexican selected in the...